Australian dollar currency notes on issue crosses 100 billion

By Sophia Rodrigues

Published On 22 Oct 2021 , 05:25 PM

The amount of Australian dollar currency notes on issue crossed the A$100 billion mark this week, rising to A$100.153 billion as of Oct 20. It is up a whopping A$17 billion since February last year.

Demand for currency notes has been in two phases since the start of the pandemic. The first phase lasted till the end of December 2020 when the notes on issue rose to A$98.5 billion from A$83 billion at the end of February. It then began dropping until early July, falling to A$95.4 billion. The second phase coincided with the start of the Delta variant of Covid-19 and since then the amount of notes on issue has risen every single week.

Meanwhile, the RBA's balance inched further towards the A$600 billon mark -- A$591 billion as of October 20.

LATEST SNIPPETS

AOFM to tender A$4B of bonds, A$3B of Notes next week

The AOFM has announced tenders for next week, totaling A$5.0 billion of bonds (down from A$4.0 bi...

Published on : 26 Jun 2020 , 12:17 PM
AOFM sells April 2026 bond at record high coverage

The AOFM sold A$1.0 billion of 4.25% April 2026 government bond at a weighted average yield of 0.4790%.&nbs...

Published on : 26 Jun 2020 , 12:12 PM
RBA Lowe to speak at Anika Foundation fundraising webinar July 21

The annual Anika Foundation fundraiser is being held as a webinar this year on July 21 from 1245 pm, with a...

Published on : 25 Jun 2020 , 02:39 PM
AOFM sells April 2029 at 0.8450%

The AOFM has sold A$2.0 billion of 3.25% April 2029 government bond at a weighted average yield of 0.8450%....

Published on : 24 Jun 2020 , 11:08 AM
AOFM sells April 2024 at 0.3003% vs record low 0.2818%

The AOFM sold A$2.0 billion of 2.75% April 2024 government bond at a weighted average yield of 0.3003%, hig...

Published on : 22 Jun 2020 , 02:00 PM
CB-Intel tweets from RBA Lowe's panel participation

--At some point higher AUD could be a problem but we haven't reached the point yet
--Would like lower AUD...

Published on : 22 Jun 2020 , 01:59 PM
AOFM to tender A$5B of bonds, A$3B of Notes next week

The AOFM has announced tenders for next week, totaling A$5.0 billion of bonds (up from A$4.0 billion f...

Published on : 19 Jun 2020 , 12:05 PM
AOFM sells 3.25% April 2025 bond at record low yield

The AOFM has sold A$2.0 billion of 3.25% April 2025 government bond at a weighted average issue yield...

Published on : 19 Jun 2020 , 11:04 AM
AOFM sells May 2032 at 1.0098% vs 1.17% at last tender

The AOFM has sold A$2.0 billion of 1.25% May 2032 government bond at a weighted average issue yield of 1.0098%,...

Published on : 17 Jun 2020 , 11:06 AM
AOFM tender amounts for next week same as this week

The AOFM has announced tenders for next week, totaling A$4.0 billion of bonds and A$3.0 billion o...

Published on : 12 Jun 2020 , 12:08 PM